Summit Investment Advisory Services LLC Has $38.21 Million Position in Capital Group Growth ETF $CGGR

Summit Investment Advisory Services LLC grew its holdings in Capital Group Growth ETF (NYSEARCA:CGGR) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 859,208 shares of the company’s stock after purchasing an additional 33,010 shares during the quarter. Capital Group Growth ETF makes up 14.4% of Summit Investment Advisory Services LLC’s portfolio, making the stock its 2nd biggest position. Summit Investment Advisory Services LLC owned 0.19% of Capital Group Growth ETF worth $38,209,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CGGR. Raymond James Financial Inc. raised its holdings in shares of Capital Group Growth ETF by 31.7% in the 3rd quarter. Raymond James Financial Inc. now owns 11,144,965 shares of the company’s stock valued at $489,487,000 after purchasing an additional 2,680,056 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Capital Group Growth ETF by 15.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 12,051,258 shares of the company’s stock valued at $529,291,000 after purchasing an additional 1,605,246 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Capital Group Growth ETF by 30.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 5,999,008 shares of the company’s stock valued at $261,802,000 after purchasing an additional 1,407,884 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Capital Group Growth ETF by 11.5% in the 3rd quarter. Bank of America Corp DE now owns 12,800,968 shares of the company’s stock valued at $562,219,000 after purchasing an additional 1,322,744 shares in the last quarter. Finally, Capital Group Private Client Services Inc. raised its holdings in shares of Capital Group Growth ETF by 5.3% in the 3rd quarter. Capital Group Private Client Services Inc. now owns 23,440,414 shares of the company’s stock valued at $1,029,503,000 after purchasing an additional 1,178,520 shares in the last quarter.

Capital Group Growth ETF Price Performance

NYSEARCA CGGR opened at $46.25 on Monday. The firm has a market cap of $22.99 billion, a PE ratio of 30.88 and a beta of 1.17. The company has a 50 day moving average price of $42.59 and a 200 day moving average price of $43.61. Capital Group Growth ETF has a 52 week low of $35.78 and a 52 week high of $46.37.

About Capital Group Growth ETF

The Capital Group Growth ETF (CGGR) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests predominantly in US companies of any market capitalization. The fund seeks to provide capital growth. CGGR was launched on Feb 22, 2022 and is managed by Capital Group.